Designed for let-your-hair-down nights, fine cognac house Hennessy has released its latest Privilege limited edition V.S.O.P, the sleek NyX. Fun fact: the bottle glows in the dark.

Very futuristic with its gleaming translucent "platinum" bottle with metallic purple accents, the logos are etched in luminescent ink along the label, collar, and cork, and are visible only under black light - the perfect lounge-slash-clubbing tipple. 

It's official: Mayor Bloomberg has personally extended an invitation to this year's biggest pop star to drop the crystal ball in Times Square on New Year's Eve at precisely 11.59pm on December 31...and it's Lady Gaga!

Thousands of party revelers and Little Monsters will be cheering and singing along to Auld Lang Syne, as one of the most influential people on earth today pushes a Waterford Crystal button to release the LED-lit ball.

Fun cocktail fact: the New Year's Eve Ball weighs exactly 11,875 pounds, the combined heft of 2,688 LED-equipped crystal triangles bolted onto the sphere. That's just about as much megawatt star power Lady Gaga possesses at the moment.

Bonus: if you're reading this while getting ready for your New Year's bash, why not play the vid below of the pop star singing White Christmas to get you in the mood for a snowy last night of 2011

For the health- and style-conscious designer homeware collector, meet the ultra-sleek 0.6 liter Bugatti Vita Juicer.

Specially designed for use with citrus fruits, the dishwasher-friendly juicer is powered by a motor, while the stainless steel filter helps to remove any pulp. The v-shaped body is hinged onto a pillar, allowing it to rotate up to 60˚ for your convenience - so when juicing is complete, just tilt it over and voila, you got yourself a glass of freshly squeezed juice packed with vitamin goodness – the perfect remedy for seasonal viruses or winter blues.

Offered in a dazzling array of hues including magenta, lime green and citrus orange - buy all colors to use for corresponding fruits! - the juicer comes with an equally gorgeous carafe and two reamers in different sizes.

We can just imagine ol' Uncle Karl—that’s Lagerfeld for you—pottering around his grounds wielding this old-school cane and idly watching Baptiste Giabiconi playing tennis with his model buds, using Chanel rackets and balls, of course.

The French cane, which used to be considered a sport in the XVIIIth century, has now been re-appropriated as an essential accessory in the refined gent's wardrobe. Embossed with interlocking Cs in graphic black and white and sheathed in quilted black canvas, this is an immediately recognizable Chanel object - and can be brandished as a stylish weapon, too.

Chrysler doesn’t needs a new introduction when it comes to inducing luxury features in the cars. We had previously seen the Christina Aguilera edition of the eco-car from Chrysler, and now it’s the turn of the 300 luxury series, which will set a benchmark of sorts in the niche segment. Apart from ultra-premium fabrics used within the vehicle, the series will also have several new technological additions like the state of the art 8-speed auto transmission amongst others.

Beginning with the rather elegant exteriors, one sees plenty of precious platinum being used on the grille and ascents, 20-inch alloy wheels, and the rear-view mirrors as well. Coupled with the muscular shaped exterior with soft curves, the vehicle exudes an aura of being sophisticated and ultra premium in every way. On the insides, one would see a plethora of parts which use Mochachino Poltrona Frau Foligno Leather especially on the instrument panel, center console side panels, upper front and rear door panels, where as Nappa leather is seen on the seating, arm rest, gearing and even the steering wheel. What makes it all very aesthetic is the dual tone composition of light and dark toned coffee of the leather, with the premium smooth texture; perfect drooling recipe! To match it all, there is the single-grain natural Pore Mocha wood with matte finishing, which contrast the whole setting, but still manages to blend in rather classically as the rest.

On the tech front, there have been some new additions like the advanced 8-speed transmission, 8.4-inch touch screen infotainment system, Garmin navigation system, Sirius XM traffic control and information system, instrument cluster with LED lighting, power steering with height adjustment, power adjustable pedals with memory feature, and also the electric sunshade, which one can use to soak in the natural view outside. Other than the transmission, there is the 292 HP engine output received from the 3.6 liter Pentastar V-6 machine, which will pack in the punch during the high-speed rides. The prices for the car will be ranging from $40,145 - 45,245, depending on the edition chosen. For the one with the money, we could take a guess that pricing wouldn’t be so much the obstacle. For the rest, we perhaps have to make do with some serious admiration in 2012!

With festive dinner planning in full swing right now, there can be no better time to unleash your inner Nigella Lawson by discovering the Pure Gourmet Initiative, a campaign by the French spirit house to encourage the sublime experience of pairing Martell with fine food.

Designed to be an ingredient-led experience, Martell's Pure Gourmet experience culls only the best from renowned terroirs worldwide to accompany the most special of Martell cognacs.

Spearheaded by two star chefs, Eric Danger and Christophe Pienkowski, alongside Cellar Master Benoît Fil, the Pure Gourmet philosophy is one of careful pairings. Benoît Fil explains: "The culture of flavor, of tasting and of discovering the terroirs are perhaps the most obvious links between the Martell cognacs and the recipes that have been created for Pure Gourmet.'

"It is impossible to make a good eau-de-vie without a good wine and you cannot make a good wine without a good grape… all stems back to the origins, the ingredient. The Pure Gourmet recipes are ingredient-led, each with a focus on three pure ingredients from the most renowned terroirs, this is why my team and I have worked closely together to create ingredient and Martell pairings on which the recipes are based."

What better way to while away an idyllic weekend afternoon than a spirited game of English chess with your best bud? For the ultimate board game experience, get this handsome chess set from Hermès’ Spring-Summer 2012 collection.

Giant-sized for maximum fun, the set with lovely rosewood and mahogany hand-sculpted pieces are laid out on a 95cm board in the most luscious and decadent etoupe Clemence taurillon leather: the entire setpiece will look equally good in your reading room when not in use.

While we're at it, why not purchase the Sellier Chair, also from S/S 2012, for your friendly opponent to sit in while contemplating his next move? In saddle-stitched Everlisse cowhide, these comfy seats come in multiple color and material combos - the orange leather and chocolate brown version is classic Hermès, as is the summery canvas option with lemony yellow arm-rests.

For those who missed the launch – fret not, the Bulgari-dressed S. Pellegrino bottles will be available at selected locations in town, including Bo Innovation, 8 ½ Otto de Mezzo, L’Atelier De Joel Robuchon, Aqua and Coast.

To further tease your taste buds, S. Pellegrino is also collaborating with 8 ½ Otto de Mezzo and Bo Innovation to launch a special Christmas and New Year’s Eve menu. 

Saga-gyu beef, black truffle soy, cheung fun (Bo Innovation)

In a darkly imaginative project between champagne house Dom Pérignon and auteur David Lynch, the filmmaker spent two days in darkness, creating ghostly sets and conjuring up mythical stories of his own. The result: two breathtakingly precious portraits of Dom Pérignon's iconic bottles.

David Lynch, working in a California studio transformed into a darkroom, spent two days contemplating the timeless silhouette of the Dom Pérignon bottle. In those 48 hours, he invented stories, created sets and cobbled together strange theatrical machinery - and took many, many photos. In the end, this massive trove was culled to just two precious images, a distillation, if you like, of his journey into Dom Pérignon.

Two watch companies and one of the top luxury lines in the world just opened at the Bellagio just in time for the holidays. Now you can shop at Hermès, Omega and Breguet while taking in the holiday scene at the Conservatory and Botanical Gardens.

Hermès is a preeminent maker of luxury products including leather goods, silk scarves, homeware, tableware, jewelry and fragrances. The 2,594-square-foot boutique reflects the iconic characteristics and modernity of its flagship location in Paris. The design personifies the tradition of Hermès with furniture made of European cherry wood varnished with decorative ironmongery and 1920s inspired lights. The new boutique is located in the lobby of the Bellagio and open daily from 10 a.m. to midnight.

Omega is a prestigious Swiss watch company with more than 163 years of experience creating fine time pieces. The 1,252-square-foot Omega boutique offers the brand’s entire product line, including selections from the fine leather and jewelry collections only available at flagship stores. The boutique’s façade has been conceived around the themes of sun, water, earth and time. On display in the store windows, products are illuminated to symbolize the sun’s energetic light rays. Omega is also located in the Bellagio lobby and open daily from 10 a.m. to midnight.

Breguet is a leading high-end maker of luxury watches and jewelry creations. With only five U.S. locations, this is the brand’s first and only Las Vegas location. The 2,400-square-foot boutique invites visitors to discover the work of the Swiss watch manufacturer’s skilled artisans, through interactive themed film displays. Visitors can browse the films at their leisure using a touch screen. Breguet is located in Via Bellagio and open daily from 10 a.m. to midnight.

It's official: The Elizabeth Taylor Jewelry Collection auction by Christie's has set a new world record for the most valuable private collection of jewels sold at auction, fetching US$115,932,000 in one night.

The star of the night came from under the sea: Ms Taylor's La Peregrina natural pearl, diamond, ruby, and cultured pearl necklace (below) went under the hammer for $11.8 million, including fees, breaking two world records at once: for an historic pearl, against the previous record of $2.5 million set by La Regente at Christie’s Geneva auction in 2005, and for a pearl jewel, surpassing the $7 million record paid for The Baroda Pearls at Christie’s New York, 2007.

The Mike Todd Diamond Tiara, an antique diamond tiara circa 1880, sold for $4.2m. As recounted in her 2002 book, My Love Affair with Jewelry, Elizabeth Taylor’s husband Mike Todd presented this antique diamond tiara to her, saying, “You are my queen.”

Here's something darkly cool to buffer you from the elements, rain or shine: the Westminster Umbrella by Archer Adams London, an exquisite, hand-crafted instrument wrought from silver and topped with a clear Swarovski crystal top shaped in an array of gothic skulls or quirky animals.

Available in long classic and collapsible form, the Westminster Umbrella - its name a nod, perhaps, to Britain's infamously gloomy weather - comes in eight different designs, including a Lion’s head, Snake and Labrador. And because you'll be paying a pretty penny for one of these brollies - they start at $265 a pop - the Westminster Umbrella by Archer Adams London is guaranteed for life. Available online here.

At the inaugural Los Angeles County Museum of Art’s (LACMA) Art + Film Gala, Gucci was the star House of the night, as its divine couture pieces were seen on a virtual constellation of the biggest and brightest names in Hollywood. 

The glitzy event was held in honor of the legendary actor-filmmaker Clint Eastwood, artist John Baldessari and the cinematic arts in general. Style observers, on the other hand, were glued to the screen for entirely different reasons, transfixed by the spectacle of Gucci-clad luminaries from the arts and film industry strutting down the steps of the museum in the latest fashions from the flamboyant Italian house.

"Supporting LACMA's mission to celebrate the art of filmmaking is a natural extension of Gucci's longstanding commitment to the film community," said Gucci Creative Director Frida Giannini.

If supporting the arts means dressing beautiful people in beautiful clothes, bring it on, we say. Scroll down for more images of the hottest celebs in the latest from Gucci.